➡️) I analyzed in detail the current situation with Bitcoin and what to expect today after Powell’s words, take a look if you haven’t already.
Now let’s summarize some results and recall the numbers:
1️⃣At 21:00 Moscow time there will be a decision on the interest rate (almost 100%, which will remain unchanged i.e. 5.5%)
2️⃣B 21:30 Moscow time Chairman of the Board of Governors of the Federal Reserve Jerome Powell will give a speech - this is an important event for you and me because the mood of markets all over the world depends on his words, or rather rhetoric (aggressive/neutral/positive) (he’s a modern wizard, that’s for sure).
3️⃣The fact that the rate is not changing is neutral news, but the way Powell will talk about this and the future of the rate is the main event of the current day. As a rule, there will be a live broadcast and right in the “moment” the market will receive a reaction literally and literally after each phrase.
Conclusion: If you are outside the market, it is better to refrain from trading during this period, especially if you are an inexperienced trader, and the decision is yours. Most often, on such days there is increased volatility.
➡️On the market, Bitcoin still reached EMA200 at 4h TF with a puncture of 62100.
⚠️Important areas:
✅Support: 62000, 60300, 59650, 58700 (strong), 57400, 55600, 54800, 52900, 52000, 47400, 44600
❌Resistance: 64000, 64650, 66050, 67000, 68500, 69400, 70100, 73000, 73500, 77800
